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No change from Bank of Japan


No change from Bank of Japan


At its latest monetary policy meeting the Bank of Japan has kept interest rates unchanged.

Policymakers said the world’s third largest economy continues to show signs of moderate recovery, but noted a weakening of factory output and business sentiment in Japan.

Economists said that shows the central bank is aware of risks to growth which could require a response in the shape of more monetary easing.

Bank of Japan Governor Masaaki Shirakawa said it will carefully examine the impact of long-term interest rate moves on the country’s economy.

Shirakawa said the bank’s monetary easing steps in October have had some effect in pushing down longer-term interest rates in Japan.

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